Barclays PLC

Bloomberg: Barclays employees were recorded talking about going behind a client’s back to make a competing bid for a takeover target, according to phone transcripts being used as evidence in a lawsuit against the lender

BP PLC

The Washington Post: BP units including Atlantic Richfield Co were sued by California over claims they violated environmental laws by failing to inspect and maintain underground storage tanks at 780 gas stations

Zacks: BP Exploration Angola, an affiliate of BP, has commenced production at its ultra-deep water PSVM project in block 31, off the Angolan coast

Financial Times: BP faces another year or more of uncertainty over the cost of the 2010 Deepwater Horizon disaster, as decisions on civil penalties and environmental damages are not expected to come until next year

Lloyds Group PLC

The Daily Telegraph: Lloyds Banking Group is planning an overhaul of the chief executive's bonus scheme that will only see him receive an award once the taxpayer's investment in the bank returns to the black

Reuters: Shell's Indian unit will challenge a claim by the local tax authorities that a share sale to its overseas parent in 2009 was undervalued by $2.7 billion, the latest tax conflict involving a foreign company in India

Rigzone: Shell Malaysia, Petronas Carigali and ConocoPhillips Sabah have taken a final investment decision to develop the deepwater Malikai oil field, offshore Sabah in Malaysia

Bloomberg: Shell’s oil production in Brazil dropped 35% in December from a year earlier

Virgin Media INC

Financial Times: John Malone’s Liberty Global is preparing to make a bid for Virgin Media, in a deal that would mark the US billionaire’s biggest move yet into the UK and could set up a fresh clash with his former partner and rival Rupert Murdoch

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